Manappuram Finance Denies Reports on Bain Capital Deal Delay, Confirms RBI Approval Pending
Manappuram Finance Ltd denied media reports about delays in its Bain Capital transaction, calling them factually incorrect. The company has received RBI approvals for management changes at its subsidiaries but awaits final transaction approval. All regulatory filings have been submitted as required. Shares fell 5.33% to ₹293.00 following the clarification to stock exchanges.